Oracle Financials Cloud: Payables 2021 Implementation Essentials: 1Z0-1055-21

You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?

A. Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry.

B. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.

C. Enter and post a manual journal entry directly into the general ledger.

D. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.

Select three reasons why you cannot close your Payables period. (Choose three.)

A. open intercompany transactions

B. unapplied prepayments

C. suppliers on payment holds

D. bills payable requiring maturity

E. unaccounted invoices and payments

You have modified your tax setup and want to test the changes on actual Payables transactions. How do you validate before enabling for transaction?

A. by creating accounting in draft mode

B. by changing the tax status to test and then entering a payables invoice

C. by creating a payable invoice, and by validating and reviewing the tax application

D. Oracle Transactional Business Intelligence (OTBI)

E. by using Tax Simulator to test